ABC is offering a new solution to fight student loan debt: betting on children.

The network has ordered eight episodes of Bet on Your Baby, a primetime game show where families will compete to see which parents can predict their child's next move. During each hourlong episode, five families with children between the ages of 2 and 3 1/2 will play a self-contained challenge -- as in against themselves, rather than against other families. Those that advance then will compete for the chance to win $50,000 toward their toddler's college fund.

The competition is produced by Electus and 5x5 Media (Jamie Oliver’s Food Revolution, Fashion Star, Supernanny) and will be hosted by actress-comedian Melissa Peterman (The Singing Bee, Baby Daddy, Working Class).

"The concept of the show just appealed to me on many levels because as a mom, I liked the fact that the kids are having fun and being themselves, it's the parents playing the game," Peterman said in a release. "As someone who likes funny, there is no one more naturally hilarious and fun to watch than a toddler."